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some serious deficit reduction. and i think when he looks at the math, if the three choices if, what i've outlined is correct and almost every expert agrees, you can only have two of those. which is the one that even he might go for? i'm not saying he will say that tomorrow. but i don't think he'll be the president so it won't matter. but that's what i think. >> does this put pressure on your colleagues? >> you know, there's no pressure i can put on them. i can propose an idea and see people grasp it. if it helps move things forward, that is my intention and i hope that's what happens. >> i want to double-check in terms of major retirement entitlement reform. one of the big issues is raising the age. are you taking it off the table? >> no, i am not taking anything off the table. i have been personally against raising the age. i continue to be. i have never on any of these issues say i will not support this bill. i don't think raising the age will happen. i think there's a lot of opposition to it. >> you just mention
some serious deficit reduction. and i think when he looks at the math, if the three choices if, what i've outlined is correct and almost every expert agrees, you can only have two of those. which is the one that even he might go for? i'm not saying he will say that tomorrow. but i don't think he'll be the president so it won't matter. but that's what i think. >> does this put pressure on your colleagues? >> you know, there's no pressure i can put on them. i can propose an idea and...
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Oct 10, 2012
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who knew he was driving our deficit? elmo is making a run for the border and oscar is hiding in a trash can. governor romney will let wall street run rampant but he will bring down the hammer on sesame street. that is not leadership. that is salesmanship. we cannot afford it,. we cannot afford to double down on top down economics. we cannot afford another round of tax cuts for the well. we cannot afford to roll back regulations on wall street banks or insurance company. we cannot afford to cut our investments in education or clean energy or research or technology. that's not a jobs plan. does not plan to grow the economy. that is not change. that is a relapse. we have been there and we have tried that. we are not going back, we are moving for. that's why i'm running for a second term as president of the united states. -- we are moving forward. [cheers and applause] we've got a different view about how to create jobs and prosperity in america. a strong economy does not trickled down from the top. it grows from a thriving
who knew he was driving our deficit? elmo is making a run for the border and oscar is hiding in a trash can. governor romney will let wall street run rampant but he will bring down the hammer on sesame street. that is not leadership. that is salesmanship. we cannot afford it,. we cannot afford to double down on top down economics. we cannot afford another round of tax cuts for the well. we cannot afford to roll back regulations on wall street banks or insurance company. we cannot afford to cut...
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Oct 10, 2012
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it's deficit reduction. and so when for example he talks about increasing military spending, that comes out of the ledger, as well. we need to have a smarter, more substantive debate across the board with more details. >> as opposed to -- i think that's fair. as to opposed what you're going to do with this line item or that line item. >> i think john makes some good and worthwhile points. here's the thing. in 2008, barack obama said i'm going to expand coverage. he did say that he opposed an individual mandate. in the course of legislative horse trading -- but he didn't promise there would never be an individual mandate. and you're going to see different things emerge. if you're talking about something as big and important as the tax deductions that lots of folks depend on, that's going to be -- >> the tax code. >> exactly. you have to do that with congress and have to get folks on board. democrats as well as republicans on board. >> thanks to both. we appreciate it. let us know what you think. we know a lot
it's deficit reduction. and so when for example he talks about increasing military spending, that comes out of the ledger, as well. we need to have a smarter, more substantive debate across the board with more details. >> as opposed to -- i think that's fair. as to opposed what you're going to do with this line item or that line item. >> i think john makes some good and worthwhile points. here's the thing. in 2008, barack obama said i'm going to expand coverage. he did say that he...
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because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here?
because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here?
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we did not seek to reduce the deficit. simpson-bowles seeks to cut the top rate and reduce the deficit but did not shield the middle class. we need a third approach that project -- prioritizes reducing the deficit and protecting the middle class and is willing to forgo a reduction in the top rate and that is what i am proposing today. what should this proposal look like? it would have three principles -- first, as in 1986, it still makes sense to reduce the number of expenditures in the code to the extent possible. in figuring out which credits and deductions to eliminate, we must draw a line when it comes to protecting the middle class. we must understand that many of the expenditures in the tax code are not loopholes at all. tax preferences, things like a college education and retirement savings belong in the tax code even after reform happens. they were put in the code on purpose, to make a middle-class lifestyle accessible and sustainable for american families. tax reform recognized this in 1986. even as we cleared out
we did not seek to reduce the deficit. simpson-bowles seeks to cut the top rate and reduce the deficit but did not shield the middle class. we need a third approach that project -- prioritizes reducing the deficit and protecting the middle class and is willing to forgo a reduction in the top rate and that is what i am proposing today. what should this proposal look like? it would have three principles -- first, as in 1986, it still makes sense to reduce the number of expenditures in the code to...
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Oct 11, 2012
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owl poll among likely voters say the romney ticket went from a one-point deficit to a large legaled. take a look at this. among independent voters there was a huge shift away from the president that is a big concern for him this close to the election. the other thing to consider tonight the moderator. these are the four moderators for this series of debates. jim laier did the debate. many people say he lost control of the debate. it upped the pressure on martha she is the moderator tonight. >> doug lousader in washington, thank you. >> now to the attack on our consulate in libya. yesterday an intense day on capitol hill lawmakers trying to get to the bottom of what happened. there have been many questions raised following the obama's administration about him. >> they called the attack a spontaneous act sparked by outrage by the anti muslim film trailer to come out and say it was an act of terrorism. >> law americas getting tough demanding answers on the lack of security in benghazi at the time of the attacks. listen to what happened. >> i told them that was my personal opinion and th
owl poll among likely voters say the romney ticket went from a one-point deficit to a large legaled. take a look at this. among independent voters there was a huge shift away from the president that is a big concern for him this close to the election. the other thing to consider tonight the moderator. these are the four moderators for this series of debates. jim laier did the debate. many people say he lost control of the debate. it upped the pressure on martha she is the moderator tonight....
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will miss its deficit targets this year. leader of the u.k. independence party says david cameron's policies are not bringing any meaningful change to the recession ravaged economy. you know when david cameron talks about his stare as he what he fails to tell you is that we continue every year to run a massive budget deficit and by the end of his five years as prime minister but national debt in the u.k. will have increased by fifty percent so i think we're having an entirely false debate david cameron is calling the british public into thinking that he's actually really cutting back at the levels of debt in our country and it's not true i think that the david cameron and george osborne combination. put together a coalition telling us they were going to deal with debt in this country they have absolutely failed to do so they haven't dealt with the deficit they haven't got growth coming back into the british economy i don't think the thing is a dramatic failure unless things turn around that i think the conservative party is in for a really ter
will miss its deficit targets this year. leader of the u.k. independence party says david cameron's policies are not bringing any meaningful change to the recession ravaged economy. you know when david cameron talks about his stare as he what he fails to tell you is that we continue every year to run a massive budget deficit and by the end of his five years as prime minister but national debt in the u.k. will have increased by fifty percent so i think we're having an entirely false debate david...
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Oct 6, 2012
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for example, he said that obama doubled the deficit. he didn't. he brought the deficit down. he said that obama -- >> $5 trillion worth of deficits? >> first 1. 2, 5 trillion in th deficit disorder. >> the president said he would cut the deaf set in half. unfortunately he doubled it. trillion dollar deficits for the last four years. the president's put in place as much public debt, almost as much debt held by the public as all prior presidents combined. >> when i walked in the oval office, i had more than a trillion dollar deficit greeting me, and we know where it came from. two wars that were paid for on a credit card, two tax cuts that were not paid for, and a whole bunch of programs that were not paid and then a massive economic crisis. >> question. president obama's gambit has been to blame his predecessor bush for his $4 trillion deficit. why didn't that pay off, pat? >> frankly, president bush is an argument that obama has used which has been somewhat effective, that he inherited a very tough situation. >> he knew what he was inheriting. >> but he didn't mention bush's
for example, he said that obama doubled the deficit. he didn't. he brought the deficit down. he said that obama -- >> $5 trillion worth of deficits? >> first 1. 2, 5 trillion in th deficit disorder. >> the president said he would cut the deaf set in half. unfortunately he doubled it. trillion dollar deficits for the last four years. the president's put in place as much public debt, almost as much debt held by the public as all prior presidents combined. >> when i walked...
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Oct 10, 2012
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so mitt romney will cut the deficit by doing something that will add to the deficit. the other thing he brought up, pbs. the only specific that mitt romney gave in terms of how he will cut the deficit. the only detail he provided was that he would eliminate 1/100th of 1% of the budget. there have been lots of attempts to put the number in sper perspective. here's more. >> the federal share of the corporation for public broadcasting is about $450 million this year. that $450 million is about what the pentagon spends every six hours. >> six hours. to be clear, mr. romney and mr. ryan's idea for the deficit to save the country from fiscal disaster and pay for the stuff they want to do that's really expensive, their plan is to eliminate six hour's worth of defense spending. one-fourth of one day's worth of defense spending. at the same time, to make overall defense spending go like this. because, you know, they are the numbers guys. math. want your best rest ever? then don't miss sleep train's best rest event. you'll find sleep train's very best mattresses at the guarante
so mitt romney will cut the deficit by doing something that will add to the deficit. the other thing he brought up, pbs. the only specific that mitt romney gave in terms of how he will cut the deficit. the only detail he provided was that he would eliminate 1/100th of 1% of the budget. there have been lots of attempts to put the number in sper perspective. here's more. >> the federal share of the corporation for public broadcasting is about $450 million this year. that $450 million is...
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Oct 8, 2012
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the pangers came back from an 18 point deficit to win 30-27. they dedicated that game to their coach who is battling leukemia. congratulations. >> it is time now. 40 after the hour. coming up it sounds like a warning for a crazy roller-coaster. why is detroit telling people to visit at their own risk? >> it is your last chance to answer our question of the day is forcing student athletes to run extra lapse a form of corporal punishment sfl ? we will read the comments and tweets coming up next. it's the little things in life that make me smile. spending the day with my niece. i don't use super poligrip for hold because my dentures fit well. before those little pieces would get in between my dentures and my gum and it was uncomfortable. even well-fitting dentures let in food particles. super poligrip is zinc free. with just a few dabs, it's clinically proven to seal out more food particles so you're more comfortable and confident while you eat. so it's not about keeping my dentures in, it's about keeping the food particles out. [ charlie ] try zi
the pangers came back from an 18 point deficit to win 30-27. they dedicated that game to their coach who is battling leukemia. congratulations. >> it is time now. 40 after the hour. coming up it sounds like a warning for a crazy roller-coaster. why is detroit telling people to visit at their own risk? >> it is your last chance to answer our question of the day is forcing student athletes to run extra lapse a form of corporal punishment sfl ? we will read the comments and tweets...
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Oct 8, 2012
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because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay ior it. if we can't trt t him here... how could we ever trust him here?
because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay ior it. if we can't trt t him here... how could we ever trust him here?
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to deal with debt in this country they have absolutely failed to do so they haven't dealt with the deficit they haven't got growth coming back into the british economy i don't think the thing is a dramatic video unless things turn around that i think the conservative party is in for a really terrible result in twenty fifty that the next general election september's a time in the u.s. consulate in benghazi libya which killed ambassador was an organized terror act not part of a mass protest. that was the bottom line of wednesday's congress hearing on the incident offices responsible for the safety of u.s. grounds in libya testified security had severely decayed since the ousting of moammar gadhafi and retired cia officer ray mcgovern says the congressman i was trying to school points instead of getting to the root of the problem i feel a sense of political carnival this is represented trying to make political points now they're trying to get hillary clinton for a lack of understanding about security. that's where they should try to. get every clue because the words she and others in libya th
to deal with debt in this country they have absolutely failed to do so they haven't dealt with the deficit they haven't got growth coming back into the british economy i don't think the thing is a dramatic video unless things turn around that i think the conservative party is in for a really terrible result in twenty fifty that the next general election september's a time in the u.s. consulate in benghazi libya which killed ambassador was an organized terror act not part of a mass protest. that...
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who knew that he was driving our deficit? we are going after that. he has decided we are going after big bird. elmo is making a run for the border. the governor romney once wall street who run wild, but he is going -- if governor romney wants wall street to run wild, but he is going to bring down the hammer on "sesame street." we cannot afford another round of tax cuts for the wealthy. we cannot afford to roll back regulations on banks and insurance companies. we cannot got our investments on education, clean energy, research, technology. that is not a plan to grow the economy. that is not change. we have been there. we have tried that. we are not going back. we are moving forward. that is why i am running for a second term as president of the united states. [applause] look -- we have got a different view about how you bring jobs and prosperity to america. the strong economy does not trickle down from the top. it grows from a thriving middle- class, and folks working hard to get into the middle-class. i think it is time our tax code stopped rewarding
who knew that he was driving our deficit? we are going after that. he has decided we are going after big bird. elmo is making a run for the border. the governor romney once wall street who run wild, but he is going -- if governor romney wants wall street to run wild, but he is going to bring down the hammer on "sesame street." we cannot afford another round of tax cuts for the wealthy. we cannot afford to roll back regulations on banks and insurance companies. we cannot got our...
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clearly america has large and ever-growing deficits. you propose a tax cut. that's deficit spending. >> wait a minute. first of all, this is a two-step deal. everybody knows we need the big deal and we talk about that in 30 seconds. but we're not going to get to the big deal by jumping off the bridge. and what we are saying is it is not the right thing to do you have the largest tax increase in history of america and to have $1.2 trillion worth of spending cuts that don't even look at medicare and medicaid. across the board without thinking through what this big deal is going to be. and anybody from either party hould come to a realization that the big deal counts. all we need to do is get a small part of an extension, six months, what ever does, and we'll get there. remember, when you talk about these taxes and the suspended, it can't be done by 10 people in the back of the room. and has to be a normal order on the hill because they are the only people that understands what are in those bills. >> do any of you really think we'll jump off a fiscal cliff? or d
clearly america has large and ever-growing deficits. you propose a tax cut. that's deficit spending. >> wait a minute. first of all, this is a two-step deal. everybody knows we need the big deal and we talk about that in 30 seconds. but we're not going to get to the big deal by jumping off the bridge. and what we are saying is it is not the right thing to do you have the largest tax increase in history of america and to have $1.2 trillion worth of spending cuts that don't even look at...
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if you think about it i would argue that the inability of the government to fix this borrowing debt deficit issue in the book, vice president biden's chief of staff, talking about the economic crisis in 2011, that's exactly what is going on. there is so much evidence that it is the biggest future. we are on the path becoming europe and greece. you just can't keep borrowing money. there is a stunning and fiction in this country, and we need some sort of we need some serious intervention. in the book, what i attempt to do is take people to the presidents and leaders and tell you exactly because of the luxury of time and my publisher, simon & schuster, i declined to get the meeting notes to get the exact detail to interview president obama and speaker boehner and the key players in this. i just want to take one quick snapshot from what happened that we didn't know about, which is critical. when the cops pull up less when the president was upset, he called the congressional leaders on a saturday morning at 11:00 o'clock a.m. something in democratic andemoat republican leader were trying to work
if you think about it i would argue that the inability of the government to fix this borrowing debt deficit issue in the book, vice president biden's chief of staff, talking about the economic crisis in 2011, that's exactly what is going on. there is so much evidence that it is the biggest future. we are on the path becoming europe and greece. you just can't keep borrowing money. there is a stunning and fiction in this country, and we need some sort of we need some serious intervention. in the...
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our national deficit has grown through $16 trillion. the president said he was gone to cut that in half, but it doubled under his watch. very disturbing is that when the president came into office there were 32 million americans on food stamps. today its 47 million. there is still an incredible number of ohioans and americans out there struggling. the choice is clear. we can have four more years like the last of zero four. what america needs is a real recovery. only romney and ryan can provide that. host: when the president took office we were losing 800,000 jobs a month. since the president took office, we have 5.5 million additional jobs. truck about the automobile recovering, he saved the automobile industry and 1/88 jobs in the state are reflective of the auto industry. i worked the railroad 41 years. the guys and women working there, they're happy, jumping up and down because they have employment. one out of eight jobs are connected to the auto industry. not only that, the government at the time, strickland, and the president came
our national deficit has grown through $16 trillion. the president said he was gone to cut that in half, but it doubled under his watch. very disturbing is that when the president came into office there were 32 million americans on food stamps. today its 47 million. there is still an incredible number of ohioans and americans out there struggling. the choice is clear. we can have four more years like the last of zero four. what america needs is a real recovery. only romney and ryan can provide...
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because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? >>> welcome back. stocks get a bounce from friday's jobs report but this week could be tough for investors. lauren simonetti has this morning's business beat. good morning to you. happy monday. >> hello. happy monday, wisdom. >> let's talk about the jobs numbers and the impact they had friday on the markets. >> it was a mixed report. yes, the unemployment rate fell to 7.8% but with the two different surveys, the numbers were volatile and confusing for many. this is open to interpretation. for last week, really strong week for stocks. the dow industrials are going to open today, this columbus day, stock markets are open, bond markets are closed. they will open at a five-year high. that is the problem. many people are saying the fuel that has lifted this rally thanks to the fed and other things is about to come crashing down. futures this morning or down 50 points on the dow. >> also, investors are bracing fo
because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? >>> welcome back. stocks get a bounce from friday's jobs report but this week could be tough for investors. lauren simonetti has this morning's business beat. good morning to you. happy monday. >> hello. happy monday, wisdom. >> let's talk about the jobs numbers and the impact they had friday on...
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everything from leprosy to the deficit? >> i think that's his you view. >> so that was a fair interaction. >> one of the problems we have is sort of the jumpiness. andrew sullivan finds a poll, freaks out, and you kind of got to tell him to fall back, and i saw at least on buzz feed they originally ran with the big headline that ryan stormed out of this interview and then people said, well, he ended it early. you get caught up on those kerfuffles. it's a clear illustration of his view. i don't think he was out of line in the way he answered the question. he pointed only to charities to solve these problems. there's reames of research that shows local charities do great work but they cannot conquer the kind of issue that is were on the table there. >> i don't know, to that point, the specific elements of the ryan budget as voted through the house for the fiscal period up to 2013 actually would eviscerate pell grants, kill support of -- whas it called safe start -- head start, and all these provithss for people in low income
everything from leprosy to the deficit? >> i think that's his you view. >> so that was a fair interaction. >> one of the problems we have is sort of the jumpiness. andrew sullivan finds a poll, freaks out, and you kind of got to tell him to fall back, and i saw at least on buzz feed they originally ran with the big headline that ryan stormed out of this interview and then people said, well, he ended it early. you get caught up on those kerfuffles. it's a clear illustration of...
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tell me how much of a contribution, most people who look at the deficit including boults simpson said we have to have a significant reduction and a new way of looking at those things which have been part of the assumption of people. >> that's right. it turns out that social security is not a big problem. >> change the age. >> change its age a little bit, change the contribution a little bit. we can put that on. so that is something i think we can solve fairly easily and should not be at the core of the debate. the health-care programs are a significant concern. in fact, one of the interesting things is that if we had a health-care system that was as efficient as some of the european health-care systems, we would have no deficit. so that in fact it's the inefficiency of our health-care system that is a major cause of our deficits. so my mind our focus should be -- >> to make it more efficient. >> and the health-care reform passed by the congress did it do that. >> it was a move in the right direction. >> didn't go far enough. >> it didn't go far enough. and some of the things are going
tell me how much of a contribution, most people who look at the deficit including boults simpson said we have to have a significant reduction and a new way of looking at those things which have been part of the assumption of people. >> that's right. it turns out that social security is not a big problem. >> change the age. >> change its age a little bit, change the contribution a little bit. we can put that on. so that is something i think we can solve fairly easily and should...
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Oct 14, 2012
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the deficit is my -- my question is about the deficit. would you define in specific dollar goals how much you would reduce the deficit in each of the four years of a clinton administration and then enter into a legally binding contract with the american people that if you did not achieve those goals, that you would not seek a second term? answer yes or no and then comment on your answer, please. >> no, and here's why. and i'll tell you exactly why. because the deficit now has been building up for 12 years. i'll tell you exactly what i think can be done. i think we can bring it down by 50 percent in four years and grow the economy. now, i could get rid of it in four years in theory on the books now, but to do it, you'd have to raise taxes too much and cut benefits too much to people who need them. and it would even make the economy worse. mr. perot will tell you, for example, that the expert he hired to analyze his plan said that it will bring the deficit down in five years, but it will make unemployment bad for four more years. >> mr. pre
the deficit is my -- my question is about the deficit. would you define in specific dollar goals how much you would reduce the deficit in each of the four years of a clinton administration and then enter into a legally binding contract with the american people that if you did not achieve those goals, that you would not seek a second term? answer yes or no and then comment on your answer, please. >> no, and here's why. and i'll tell you exactly why. because the deficit now has been...
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biggest debt and deficits as a share of gdp facing the country since world war ii. this election will have particularly rofund consequences on text market next year. >> you're looking for a profound pull back in the s&p. we're talking 100 points. 1360 is where your target is. what's that predicated on? >> a lot is the election and earnings environment. if we take the election and set it aside for now the earnings environment is deteriorating more than investors are willing to cop to at this point. first, fourth quarter of this year, we're supposed to see a remarkable recovery in earnings which i think is highly unlikely considering the macro economic climate. then an earnings kbroet in 2014. so with this fiscal uncertainty, investors have gotten a little bit ahead of themselves in terms of optimism. >> your overstating the election's impact on what the stock market will do? we had jack vogel on at the top of the show that said the market will get it wrong. >> that's possible the market gets it wrong depending on the outcome of the election. clearly this is a very ti
biggest debt and deficits as a share of gdp facing the country since world war ii. this election will have particularly rofund consequences on text market next year. >> you're looking for a profound pull back in the s&p. we're talking 100 points. 1360 is where your target is. what's that predicated on? >> a lot is the election and earnings environment. if we take the election and set it aside for now the earnings environment is deteriorating more than investors are willing to...
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i take the pledge -- i've already taken the pledge on cutting the deficit in half. i never got to say that. it's a great young group. lead or leave. college students. young people who don't want us to spend their money. i took the pledge we'd cut it out. >> thank you. we have a question here. nation's infrastructure q: yes, i would like to get a response from all three gentlemen, and the question is: what are your plans to improve the physical infrastructure of our nation, which includes the water system, the sewer system, our transportation systems, etc. thank you. >> the cities, who's going to fix the cities and how? >> be glad to take a shot at it. >> please. >> i'm not sure that -- and i can understand if you haven't seen this because there's been a lot of hue and cry -- we passed, this year, the most farthest-looking transportation bill in the history of this country, since eisenhower started the interstate highways, $150 billion for improving the infrastructure. that happened when i was president and so i'm very proud of the way that came about and i think it'
i take the pledge -- i've already taken the pledge on cutting the deficit in half. i never got to say that. it's a great young group. lead or leave. college students. young people who don't want us to spend their money. i took the pledge we'd cut it out. >> thank you. we have a question here. nation's infrastructure q: yes, i would like to get a response from all three gentlemen, and the question is: what are your plans to improve the physical infrastructure of our nation, which includes...
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it's commentary how unserious this administration takes deficit reduction. as far as helping the poor concerned ma'am, if you've had 8% unemployment for four years, 47 million people on food stamps that's the worst thing you can do for the poor is to have no economic growth and a terrible economy. the way you get the poor off the rolls is to get them a job. this president has done a terrible job in that regard. host: next phone call john republican. caller: he says, there's no reason to build roads in the suburbs when they put it in the cities. guest: sir, i'm not aware of that. you maybe referring to oneqrnsñf the transportation bills that passed. you confess that the funding mechanisms for those projects are very complicated. i'm not sure that i can be much help in your question. host: cleveland, ohio, democratic caller. caller: all you republicans keep saying the obama economic program didn't work. what happened, kennedy died, there was no control of the senate, you republicans filibusterrered 275 bills in 2010. they effectively killed the total obama ec
it's commentary how unserious this administration takes deficit reduction. as far as helping the poor concerned ma'am, if you've had 8% unemployment for four years, 47 million people on food stamps that's the worst thing you can do for the poor is to have no economic growth and a terrible economy. the way you get the poor off the rolls is to get them a job. this president has done a terrible job in that regard. host: next phone call john republican. caller: he says, there's no reason to build...